responsible for its caption content and accuracy. visit ncicap.org] >> live from the dw studios in berlin. >> great to have you with us. >> greece proposes a new bailout. our correspondent in brussels are standing by with more on the frosty reception. >> climate activists praised g-7 leaders to cut back by the end of the century. >> hong kong issues a red alert warning traveling to south korea as the mers virus claims a seventh victim in seoul.
it seems time is running out for athens. a greece has until the end of the month to strike a compromise with its international creditors. sarah: they presented their latest set of proposed spending cuts on tuesday. they were greeted with little enthusiasm in brussels. fears are growing that the country could fail to win access to the bailout funds it needs. brent: for more on this story we go to our correspondent standing by in brussels to give us her take from the european commission. we've heard the european commission is not impressed by this new plan from athens. what is wrong with it? >> everything.
the demands of the creditors are simply not met. in this proposal of the greek side. the budget was huge in greece. it the next main point, the budget surplus that the creditors demand, the greek side does more to agree to that either. the commission has one more time stressed that greece does need to move now. angela merkel, the french president francois hollande and others will meet in brussels. it is the last chance to strike a political agreement on that level. so it is really urgent. brent: we have heard these warnings of urgency before.
what is really going on here? it feels like this poker game is just continuing. >> it feels like it but if you look at the facts alexis seems to be caught between a rock and a hard place. some politicians especially under angela merkel believe he is honest during the last weeks of talks that he really does want to have an agreement with the european union. he wants to keep his country in the euro. it seems like his party won't let him do that. he speaks with two tongues. expressions in brussels and a completely different language in athens. and that exasperates the eu increasingly. some say that they are losing patience. in the last day the german parliament can take the plea to take the money is this coming monday.
time is, in fact, running out. brent: barbara reporting or us from brussels. thank you very much. sarah: the white house press room has been evacuated after a bomb threat was reported to police in the u.s. capital. journalists were in the middle of everything when they were told to leave the room. brent: the all clear was given shortly thereafter. other parts of the white house were not evacuated. reporters have since been allowed to return to the press room and the meeting is set to start again. let's pull in richard walker who is on the story for us in washington. what happened? richard: quite a bizarre situation a mile or so away from the studio here in washington dc. the reporters are now back in the briefing. of course, the question they are
all asking is, what happened? what he is telling us is there was a threat called into the police just over an hour ago. the police alerted the secret service the unit in charge of white house security and that the threat specifically targeted the briefing room. they took it seriously enough that they decided to take this quite dramatic move of evacuating mid briefing. all the journalists shuffled out while they swept with dogs and technical devices. they came to the conclusion that there is indeed, nothing to worry about. brent: at least we have the all clear for now. richard walker for us in washington. thank you very much. sarah: turning to some financial news now greece has been the bogeyman in europe's closet for months.
as our markets correspondent explains from frankfurt, greece's solvency is not the only thing that is worrying european traders. >> since it was a record high in april, they lost nearly 12%. the never-ending drama that greece is a major factor. in other countries and the united states, the economic recovery has continued. this tuesday, fresh economic data undermined this. the electronics industry posted many new orders and in the u.s. job openings have risen to a record high. for the markets, this means the super generous money supply by the central banks would be reduced rather sooner than later. an important factor that has driven stock prices for months and years is bound to come to an end.
sarah: let's get a roundup of the market numbers this tuesday. the dax finished the day down .6% to finish at 11,001. euro stoxx down by .3%. the dow jones is still open and currently in positive territory but just barely. the hero is valued at $1.12 u.s. brent: authorities have searched deutsche bank's headquarters in frankfurt. they say their own employees were not targeted in the probe. sarah: investigators are looking into share transactions by some of their clients. on sunday, the banks to co-chief executives announced they would resign. brent: hsbc has announced its latest restructuring plans.
this comes ahead of an investor update. sarah: the bank is considering moving its headquarters out of london. a city it has -- that has earned billions over the years. >> europe's largest bank is undergoing massive restructuring. hsbc says it plans to cut up to 50,000 jobs worldwide. the job cuts are part of an a stare drive it has been going on for years. in 2010, the work force numbered 295,000. the work will be down to 200-8000 after this latest bloodletting. the first step is cutting to 5000 jobs by selling off the turkish units. 20,000 more jobs are to be asked -- axed in i.t. the restructuring was implemented by stuart gulliver.
he said due to the 2008 financial crisis, major banks like hsbc have to it here to greater regulatory control. hsbc is forced to pay huge fines to settle various scandals and litigation. sarah: apple is looking to strengthen its grip on the music industry. it is called "apple music." brent: jimmy ivey announced the product at the software development conference in san francisco. it will allow subscribers to stream live radio station.
it is about time. it the market has been expecting apple to get into the music streaming business for a long time. >> apple is hardly a company that likes to rush products to market and they say the time is right to introduce their own streaming music service. apple music does offer a smorgasbord of features which we have seen from other companies before. but never really boil down into such a streamlined app. it has features from spotify and pandora. but not really in this amount. it offers 30 million songs. some of the biggest music some of the artists that they know and love. we've seen this before, but never in a package like this. the ipod has long been synonymous with mobile music and it seems like apple is
attempting to get that market. sarah: can apple compete? brent: they will face some headwind between pandora and spotify. this is an necessarily about making money from streaming music. it has largely been a very difficult game. this is about expanding the ecosystem. the sum total of apps and services bundled in with their devices. they have to sell devices in order to make money. they are hoping this music service will be the cherry on top of their ecosystem. brent: will this be the beginning of spotify's swansong, if you will? apple will be a main rival. will they decimate spotify? >> it very well could be. it they have an at -- a captive audience.
in this new app is going to be bundled with their new devices that are sold with the next major update when it comes out in july. brent: we will see. thank you very much. sarah: the islamic state is claiming to take full control of the city of sert in lybia. -- libya. they are unhappy about a proposed deal to the conflict ridden country. brent: they submitted a draft proposal on tuesday. libya has had towo rival governments. south korea has reported its
seventh death from the middle east respiratory syndrome which is known as murders -- mers. the number of infections has gone up to 95. sarah: hong kong has issued a travel warning asking people to avoid nonessential travel to south korea. brent: they say they are taking urgent steps to control the infection. sarah: -- >> they take every child's temperature to check for fever. hospitals are checking everyone who might be infected with the respiratory disease. it is the only way to help prevent new people from getting sick. >> older cases are still linked to the same chain of transmission. as soon as everybody has been identified, that should see a
decrease in cases. >> the symptoms are similar to the flu. the disease is generally curable. this outbreak is only killed people suffering from another illness when they contracted the virus. global health officials are still a large. >> they work on vaccine development around the world. >> the virus was brought back to south korea from a man who travel to the middle east. this is the biggest outbreak seen outside that region. the outbreak is also damaging south korea's economy. 50,000 people have canceled trips to the country and businesses have seen their sales plummet. many people are staying home in an attempt to avoid catching the virus. brent: a big question in romania, should the prime minister enjoy immunity from prosecution? sarah: a very short
62nd break. -- 60-second break. brent: welcome back, everyone. he was the talk of berlin this tuesday. jeb bush, the former florida governor and president george w. bush's brother kicked off a tour in berlin as he prepares to run for president. sarah: he spoke at a conference organized by angela merkel's party. he called for closer trade and ties between the u.s. and europe. brent: a prime minister in
europe should they enjoy immunity from prosecution? sarah: victor ponta is accused of money laundering and tax evasion. they voted by a wide margin against investigating him but he is not in the clear yet. >> the prime minister went to parliament to put his case for keeping his immunity from prosecution. as it turned out, it was an easy win. 231 in favor and 120 against. but he's not in the clear quite yet. his government faces a vote of no-confidence on friday. they have been dogged by allegations. they launched an investigation and nine former ministers last october. it's not surprising some people have taken to the streets.
>> there is a long list of reasons for the resignation and the official accusation will be the last mail in his career as prime minister. >> they beat them in elections late last year. he has been campaign to clean up romania's notoriously dirty politics and called on the prime minister to resign. but what if he survives the no-confidence vote? some to the worst. -- fear the worst. >> it will give the signal that they will not be investigated by
the anticorruption office and probably, corruption will explode. >> he considered resigning but decided to stay on to ensure political stability. after voting to let him keep his immunity, it looks as if parliament may be on his side. brent: how should germany respond to russian aggression in the ukraine? sarah: they are warning that nato military maneuvers in poland may escalate tensions with russia. brent: they caution against putting the focus on military solutions. >> nato operations come under criticism in the report. alliance troops are currently involved in maneuvers. they are designed to test the rapid response force which was set up to counter possible threats in eastern europe after rush upon annexation of crimea.
the authors say this kind of military strategy could backfire. >> every military measure provokes a reaction. it creates the threat of an arms race, the consequences of which are impossible to predict. >> the experts warn that the west should not send forces to fight against pro-russian separatists. in addition to imposing sanctions, they should focus on building a lasting security framework. the report says the west should also exercise restraint. weapon deliveries are not the right way forward, they say. >> we believe a general re-think is needed.
>> the group of researchers would like to see greater democratic efforts rather than maneuvers like those underway in poland. >> that report comes as the german defense minister announces it plans to buy a new air defense system. brent: it is expected to cost billions of euros and not everyone supports the purchase. >> the air defense system is still under development including in germany. it would use missiles to knock enemy planes and rockets from the sky. and thus protect major cities, airports, and military targets. the german defense minister has vowed to cut costs after the army was accused of runaway overspending. >> what is important is for there to be transparency.
to recognize risks early on and make sure the army is in a position to get what it orders in good time. >> if it gets the go-ahead, it will replace the us-made patriot system by 2025. advocates say the system is needed in view of new complex threats from the air. critics say it is too costly and there's not enough evidence it would perform better than the patriot missiles. brent: environmental groups has praised the g7 plans to cut greenhouse gas admissions. sarah: leaders vowed to develop long-term low-carb and strategies. angela merkel has led the call to abandon fossil fuels by the end of the century. the group also backed the global target for limiting the rise in average global temperatures to just two degrees celsius.
we spoke with one of germany's prominent meteorologist and asked him whether he thought the goals formulated are realistic. he told us that he has some doubts. >> this is necessary. if we want to keep global warming below two degrees lcs if you want to do that, you need to cut global greenhouse gas omissions by 50% by 2050 and by 100% by 2100. this has been announced by the g7 countries. and this is the only way that we can really stabilize the climate on except a bowl level as we believe. if you make the reality check and you look at these countries countries like the united states , canada, australia, and
germany, then they haven't really done very much in terms of climate change protection. in the u.s., there's a lot of wrecking going on. this is what you refer to as a vendor in germany. i think i have quite some reservations about what has been announced in the wrong one -- in the long run. brent: candid remarks. >> let's move over to sports. >> it has finally been confirmed that the german national squad player is to join the italian champions. sarah: he has been with three,
madrid for the last five years. now the world cup winner will sign a four-year contract after rejecting advances from the german club. brent: in the ongoing fifa bribery scandal, former vice president jack warner is accused of diverting funds from victims of haiti's earthquake. sarah: alleged to have diverted 750 thousand dollars in emergency funds that were donated by fee for according to a bbc report, several officials have been charged with running a crimial enterprise. brent: the race to host the 2022 winter olympics may not be as one-sided as some may thought thought -- may have thought. sarah: there were strong showings with the ioc members.
>> like beijing, they put on an elaborate presentation even though the ioc remains tightlipped. the plan to build the traditional winter sports center, sustainable, affordable, and with plenty of snow. >> the budget of the games is very efficient. and all is related to the games. it will spend the next five years. >> by contrast, beijing's facilities has spread across a large area split into three zones. with the 90 to 160 kilometers apart. there is not much natural snow. despite strong presentations, a question mark hovers over the cities. both of come under fire for their record on human rights.
>> no such question was raised today but i do believe that by hosting another olympic games it is a great enhancement of human rights and social -- as china as a whole. >> the decision will be made at the end of july. brent: it will be one to watch. sarah: in berlin, thank you for being with us. back again at the top of the hour with another update or you.
' britain taking its first step toward leaving the european union? lawmakers voted overwhelmingly in favor of an end lash out referendum. let at the latest from our london correspondent. repression and brutality in basel. it's been years since islamic state fighters one control. in united nations efforts to reconcile the warring government in libya failed. the elected government